Re: Need more Distribution categories

[ Q2 03 - Q4 05 Archive ] [ Current Message Board ] [ Archives ] [ Search ]

In Reply to: Need more Distribution categories posted by Linda on April 03, 2005 at 18:33:59:

: I would like to see more distribution options. As a REIT and ADR investor my dividends gets classifed into categories like; ordinary dividends, qualified dividends, section 1250 gains, long term capital gains, return of capital. There are other classifications like; foreign tax paid. FM has some of these categories like return of capital, but having the others would be nice. Basicly I like to see the same distribution catergories as in my brokerage 1099-DIV tax statement. I would also like to see an FM report, called 1099-DIV report, that duplicates what I get from my broker. That way I can easily compare what I enter into FM equals the 1099-DIV statement I receive from my broker.

: Thanks for listening,
: Linda

Hi Linda,

Thanks for the feedback. We currently have essentially 8 distribution categories:

Dividends
Interest Income
ST Cap Gain
MT Cap Gain
LT Cap Gain
Return of Capital
Account Fee
Other

The "Return of Capital" and "Account Fee" are slightly special, in that they affect your cost basis, the others don't. I do see/agree it would be good to have a couple more, and have them so you can rename them to whatever you want. Right now you can't change the names of any of these.

There is a "Distribution Summary" report, which should be very close to your 1099-DIV report...

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

Replies: